CandleFocus Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'
2024-10-28
Author: Content Editor
Tether, the largest stablecoin in the crypto industry, is facing renewed scrutiny as it comes under investigation by US authorities. In an interview with CoinDesk, Tether CEO Paolo Ardoino stated that the company respects international sanctions and works closely with law enforcement, but ultimately relies on US authorities. He denied the allegations of a criminal investigation but acknowledged that the company could be shut down if the US wanted to. Tether is a crucial player in the crypto ecosystem, with a market cap of $120 billion. Ardoino also addressed concerns about Tether's role in illicit finance, stating that it is minimal compared to the US dollar.
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